Former NFL quarterback Tim Tebow popped the question to his girlfriend, former Miss Universe, Demi-Leigh Nel-Peters, with a 7.25-carat sparkler on Wednesday, on the family farm outside Jacksonville, Florida, according to People magazine.

What a ring!

Former Miss Universe, Demi-Leigh Nel-Peters said “yes” when Tim Tebow popped the question on the family farm outside of Jacksonville, Florida earlier this week and he presented his bride-to-be with quite the sparkler.

Although the designer of the beautiful 7.25-carat ring is still unknown at this time, Kathryn Money, vice-president of the Strategy and Merchandising ethical jeweler Brilliant Earth, told Fox News that the memorable piece is undoubtedly worth a pretty penny.

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“Tim described in the ring as internally flawless (love the comparison of this quality with his fiancée, which dramatically increases the value of the diamond. Assuming that the high color and brightness characteristics, we estimate the value of the ring is between $500,000 by 850,000 or more,” she continued.

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With the ring of the classic solitaire style, to emphasize the diamond beautifully, Money described the piece as a set of “timeless.”

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“Round solitaire diamond engagement rings never go out of style!” she exclaimed.

Celebrate with family and friends with a surprise party immediately after their engagement, Tebow, 31, and Nel-Peters, 23, continued the festivities into Friday with a visit to Walt Disney World.

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